Enjoy halal profits with Faysal Islami Khushaal Kisaan Saving Account. Based on the Mudarabah principle, this account has been designed for the agriculture sector, offering unmatched free services and transactional benefits.
Features
Basic Waivers – avail the following “Free” benefits:
Cheque Book
Pay Orders
PayPak Debit Card on issuance
SMS Alerts
Online Transfers & ATM withdrawals
Account Statements
Unlimited Transactions Facility
Free Same Day Inter-City Clearing
Special discounts on Agriculture Financing
Profit calculated on the average monthly balance & paid monthly
Additional Waivers
50% off on first year Lockers issuance
Concessional rates in Consumer Products
Fund Transfer Limit Enhancement & Pay Order Generation via Faysal Bank DigiBank App
Please note: Any free offerings / features to current / saving accounts are at Bank’s sole discretion and Bank reserves the right to discontinue at any point of time.
*Terms & Conditions Apply
Note: All Taxes and Zakat are applicable as per Government regulations. Other account maintenance and transactional charges apply as per Faysal Islamic Banking Schedule of Charges (SOC).
Eligible Customers
Suitable for Farmers, Arhti (Middleman), Commission Agents & Agriculture Traders
How it Works
Means a kind of partnership, where Faysal Islamic Banking is the “Mubarib” (manager of the funds) and the customer is the “Rabb-ul-Maal” (owner of funds). The bank as the Mudarib may invest or disinvest, at its sole discretion the customer’s deposits in Shariah complaint modes such as Ijarah, Murabaha, Musharakah, etc. The rate of profit on the deposit will be determined through a Shariah approved mechanism for calculation of weightages which will be announced at the beginning of each calendar month and shall be applicable for that month only. The depositors will share in the profit earned through financing in different Islamic modes of financing. Losses, if any, will be shared in the proportion of investment by each depositor.
Document Required
Farmers (Crop Production)
Valid attested copy of Identity Documents:
Computerized/Smart National Identity card (CNIC/SNIC)
National Identity Card for Overseas Pakistanis (NICOP)
Pakistan Origin Card (POC)
Alien Registration Card (ARC)
Passport
Agriculturist undertaking on Rs 100 stamp paper
Passbook OR
Fard e Malkiyat OR
Khasra Gardawri OR
Bonafide Certificate (Issued by Sugar Mills to Sugarcane Growers) OR
Electronic Warehouse Receipt (Issued by collateral management companies) OR
Any other documents (if required).
Fish/Dairy/Poultry Farmers
Valid attested copy of Identity Documents:
Computerized/Smart National Identity card (CNIC/SNIC)
National Identity Card for Overseas Pakistanis (NICOP)
Pakistan Origin Card (POC)
Alien Registration Card (ARC)
Passport
Agriculturist undertaking on Rs 100 stamp paper
Letter Head OR
Passbook OR
Fard e Malkiyat OR
Any other documents (if required).
Traders
Valid attested copy of Identity Documents:
Computerized/Smart National Identity card (CNIC/SNIC)
National Identity Card for Overseas Pakistanis (NICOP)
Pakistan Origin Card (POC)
Alien Registration Card (ARC)
Passport
Agriculturist undertaking on Rs 100 stamp paper
Letter Head
Any other documents (if required).
Commission Agent
Valid attested copy of Identity Documents:
Computerized/Smart National Identity card (CNIC/SNIC)
National Identity Card for Overseas Pakistanis (NICOP)
Pakistan Origin Card (POC)
Alien Registration Card (ARC)
Passport
Agriculturist undertaking on Rs 100 stamp paper
Letter Head / Bonafide Certificate (Issued by the concerned trader) OR
Any other documents (if required).
Arhti (Middle Man)
Valid attested copy of Identity Documents:
Computerized/Smart National Identity card (CNIC/SNIC)
National Identity Card for Overseas Pakistanis (NICOP)
Pakistan Origin Card (POC)
Alien Registration Card (ARC)
Passport
Agriculturist undertaking on Rs 100 stamp paper
Registration Certificate/Letter/Number (Issued by concerned Mandi) OR
Any other documents (if required).
Any other Individual / Corporate associated with Agriculture
Valid attested copy of Identity Documents:
Computerized/Smart National Identity card (CNIC/SNIC)
National Identity Card for Overseas Pakistanis (NICOP)
Pakistan Origin Card (POC)
Alien Registration Card (ARC)
Passport
Agriculturist undertaking on Rs 100 stamp paper
Standard documents confirming the business and its linkage with Agriculture